I'm getting the word out. 

Many people don't know about first-time buyer programs in New Jersey. Indeed, many banks, lenders and loan officers don't even know about them. New Jersey and many of the counties of New Jersey have programs for first time home buyers.

There are several grant programs available for various geographic areas, and sometimes areas have more than one option. There are renovation loans and mortgages available as well for homes already in need of some repair when you purchase them. Below is a list of just some of the options that run across my desk often.

• Gloucester County Grant program
  
• Camden County Grant program (more than one)
  
• NJ Smart Start Grant
• Police and Fire First Time Buyer (reduced rate) mortgage

Many of these programs can be used for down payments, closing costs, or both. 

Additionally, many areas of Gloucester County, NJ and all areas in Salem County, NJ are available for 100% financing.  These designated areas allow you to; finance 100% of the purchase price, you can finance the funding fee that is required (if the appraisal is high enough), and you can literally have the seller pay all of your closing costs. And there is NO monthly mortgage insurance! This program is income restricted but is very open and available to the majority of people I come across.

The key to understanding your options and finding out what is best for you is to work with an experienced first-time buyer professional.  I've heard other lenders tell my clients things such as, "There is no first time buyer program," or "FHA is the first-time buyer program you want", and other statements that do not help the first time buyer decide.

Treasury Mortgage / Aurora Financial Group is the largest servicer of HMFA first-time buyer loans, and services over $600 million in home mortgages.  The majority of lenders that write the HMFA Smart Start loans end up being serviced by Aurora. Why not start with the end in mind?

If you have any questions regarding a first time home buyer program, just call, e-mail, text or stop by the office. I'd love to spend some time clarifying your options for you and helping you make the most informed decision. ~ Steve Kappre

Steve Kappre is a Certified Mortgage Planner with Treasury Mortgage, a subsidiary of Aurora Financial Group, serving the New Jersey and all 50 states. Steve specializes in all areas concerning First-Time buyers; First-Time Buyer mortgages, grants, down payment assistance, tax credits, police and fire loans, rehab loans for first time buyers, and more. Contact Steve at 856-419-3561 or visit his website here: Gloucester County Mortgage Website